UGP short interest jump by 3.95%, reflecting negative sentiment

As published in their initiating research note from Jefferies on September 21, 2023, Ultrapar Participacoes S.A. ADR [UGP] has been an Underperform and the price target has been revised to $3.30. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of June 23, […]